GGX Gold Reports 4.59 gpt Gold and 38.64 gpt Silver Over 16.3 Metres at Gold Drop Property in Greenwood District, B.C. - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2017) - GGX Gold (TSXV: GGX) (OTC Pink: GGXXF) (FSE: 3SR2) has reported results for the second batch of drill core samples from the Phase I diamond drilling program at the Gold Drop Project, located 40 kilometres from Grand Forks, British Columbia in the Greenwood District.
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The program was completed in the Gold Drop Southwest Zone in the area of the C.O.D. Vein, a Dentonia/Jewel style quartz vein that has been exposed on surface during the 2017 field season. To date, 200 metres of trenching has exposed over 160 metres of vein.
The Phase I drill program, which totalled 15 holes and 691 metres, from 5 pad locations along the North-south trench, tested the vein along 80 metres of strike length.
This second batch of drill core samples returned significant gold and silver values including a broad intersection in hole COD17-14, which graded 4.59 grams per tonne gold and 38.64 grams per tonne silver over 16.03 metres, including a high-grade core grading 10.96 grams per tonne gold and 89.86 grams per tonne silver over 5.97 metres. The intervals shown are from the gold and silver bearing vein and adjacent low grade mineralized envelopes.
| HOLE ID | Core Interval Length (metres) | Gold gpt Weighted Average | Silver gpt Weighted Average |
| COD17-10 | 5.45 | 0.47 | 4.31 |
| Including | 0.27 | 5.85 | 63.3 |
| | | | |
| COD17-11 | 3.45 | 1.15 | 7.31 |
| Including | 1.00 | 2.13 | 8.61 |
| | | | |
| COD17-12 | 2.68 | 1.03 | 13.78 |
| Including | 0.79 | 2.89 | 28.6 |
| | | | |
| COD17-13 | 3.32 | 1.19 | 11.68 |
| Including | 0.67 | 4.97 | 51.2 |
| | | | |
| COD17-14 | 16.03 | 4.59 | 38.64 |
| Including | 5.97 | 10.96 | 89.86 |
| Including | 0.56 | 38.4 | 339 |
| Including | 0.60 | 24.5 | 257 |
The first batch of drill core samples for the C.O.D. Vein returned up to 24.1 grams per tonne gold and 192 grams per tonne silver. Core intervals with the silver-grey mineral that was speculated to be the gold/silver telluride Calaverite have returned significant levels of gold and silver. The two higher grade samples from COD17-14 also returned higher tellurium values of 211 grams per tonne over 0.56 metres and 140 grams per tonne over 0.60 metres.
The objective of the drilling was to determine the depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 metres), being open at depth.
The company had previously received results for 68 trench channel samples, which returned anomalous to high grade values for gold, including high values of 43 grams per tonne gold and 224 grams per tonne silver.
The shares are trading at $0.185 and with 27.7 million shares outstanding, the company is capitalized at $5.1 million.
For more information, please visit the company's website at www.ggxgold.com, contact Jack Singh, Investor Relations, at 604-720-6598, or by email at ir@ggxgold.com.
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